TSXV:EPO.H - Post by User
Post by
FastTradeon Jun 08, 2011 11:43am
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Post# 18687025
Don't be too quick to pay .245
Don't be too quick to pay .245
When in a day or two you will find the sp at .235
EPO is clearly in a downtrend and when those quick to buy at .245 are filled a new batch on the bid will take over at .24
Strong support at .20 will be reached again. Why would you pay more?
Open a position at .20 and hold if you can stand the dead money effect it will have on you over the summer months.
The pressure at .20 could even prove too great as a result of an EPO summer without any real effective news.